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Listed by: Joseph Nuzzolo (310) 533-1333 DRE #01853418 | Thompson Team Real Estate, Inc. (310) 493-2177
$7,195,000
Monthly Est:$35,812
3 Beds
-- Bath
7,584sqft
1505 S Catalina, Redondo Beach, CA 90277
$7,195,000
$35,812/moEst:
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Apartment
Built in 1951
$-- HOA
15,028 sqft lot
$949/sq.ft
Description
This exceptional 11-unit apartment building is being offered for the first time in over 30 years and is located just one minute from the ocean in one of Southern California’s most prestigious and highly sought-after beach communities. The property features a balanced unit mix of 5 two-bedroom/one-bath units, 5 one-bedroom/one-bath units, and 1 studio unit, with all units occupied except the studio, ensuring strong and stable tenancy. Investors will appreciate 10 attached garage spaces with alley access, individually metered utilities for each unit, and the absence of city rent control, providing both efficiency and flexibility in operations. With a pro forma cap rate of approximately 3% and an unbeatable location that ensures consistent long-term demand, this asset presents a once-in-a-lifetime opportunity to acquire a generational trophy property in one of Southern California’s best-performing coastal markets.
- Houzeo last checked: 6 hours ago
- Listing updated: May 26, 2026 at 6:20 pm
- Source: California Regional MLS-CA | MLS#: SB25228698
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1951
HOA Fees
-
Finished Area
7,584 sqft
Lot Size
15,028 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB25228698
MLS Status
Active
Days on Market
379
Cumulative Days on Market
238
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathroom: --
Interior
Sewer
Public Sewer
Utilities & Energy
Water Source
Public
Parking Features
Garage Faces Rear
Pool Features
None
Laundry Features
See Remarks
Other Features
Community Features
Curbs
Lot Features
Zero To One Unit Acre
Price History
| Date | Event | Price |
|---|---|---|
09/30/2025 Source: | Price Decreased | $7,195,000 -9.50% $949/sqft |
09/30/2025 Source: | Listed for Sale | $7,950,000 $1,048/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 15, 2026, 06:45AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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